Apple signs deal with China Mobile: report

Apple (AAPL) and China Mobile (Hong Kong Stock Exchange: 941-HK) have signed a deal to distribute Apple's iPhone on the Chinese carrier's vast network, according to a report by the Wall Street Journal on Thursday.

China Mobile confirmed that it has been in talks with the Cupertino-based company, but declined to provide any further information on the deal or the timing of its official announcement.

"There are more users just on China Mobile alone than there are internet users in many other countries," Keith Fitz-Gerald, chief investment strategist at Money Map Press, told CNBC, highlighting the scale of the potential deal.

"I think this deal could potentially add $1.50, maybe even $2 per share in terms of earnings if the deal goes forward as we understand it," he added.